NASSCOM announces winners of 'INNOVATION AWARDS 2008'

- Eight Finalists Chosen From 24 Shortlisted Companies
-To be felicitated at the NASSCOM India Leadership Forum 2009 in Mumbai

NASSCOM the premier trade body and the "voice" of the Indian IT industry today announced the winners of the NASSCOM Innovation Awards 2008. From the 24 companies shortlisted, 8 winners will be recognized and felicitated for their outstanding contribution to the Indian IT sector at the forthcoming NASSCOM India Leadership Forum 2009, scheduled in Mumbai from 11-13 February 2009. The winners were selected after a rigorous 3 stage process culminating in roadshows at Chennai, Bangalore, Delhi and Pune.

Winners of IT Innovators Award 2008

Aegis Ltd
Dhristhi-Soft Solutions
IndiaGames
Intel India Ltd
Kritikal SecureScan
MobeME Wireless
Persistent Systems
Sloka Telecom

Innovation has been identified as a key driver for the Indian IT-BPO industry to sustain its competitive edge. As per a NASSCOM Boston Consulting Group (BCG) Innovation report, Innovation will allow the Indian IT sector to tap additional revenue streams worth US$ 50 billion by 2012.

Congratulating the winners, Som Mittal, President, NASSCOM, said, "Innovation will be the biggest driver and differentiator in the coming years. The Indian IT-BPO industry has maintained an edge by constantly innovating, and not only new solutions but also new processes and business models. We are very pleased that a large number of the winners for 2008 also, are from our emerging companies. This is the fifth year of these awards, and several of the earlier winners have considerably gained from the increased exposure and by leveraging the NASSCOM Awards platform"

The NASSCOM Innovation Awards serves as a platform for companies to showcase their innovation and to encourage innovative practices across the IT-ITES industry. These awards have been used as a yardstick by several Venture Capital and Private Equity firms when exploring investment opportunities. Through this initiative, NASSCOM also seeks to position the Indian IT Industry as a thought leader engaged in technology advancement."

Source : Equity Bulls

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